Fantom (FTM)

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Fantom (FTM) is a cryptocurrency made by Ahn Byung Ik in 2018. It is a Directed Acyclic Graph (DAG) based Smart Contract platform that aims to build the next IT infrastructure backbone for Smart Cities. The Fantom DAG platform is based on the Lachesis Protocol but is further optimized by introducing a permissionless network – the Fantom OPERA Chain – for dynamic participation.

Differing from blockchain, Fantom is a DAG-based distributed ledger technology stack that aims to solve the scalability issues of today’s distributed ledgers. The project is incorporating new methods of scalability combined with a high-performance virtual machine to safely and securely execute smart contracts. 

Fantom’s tagline is “The Nervous System for Smart Cities”. With this in mind, Fantom aims to innovate and provide IT infrastructure in the following sectors: public utilities, smart living, healthcare, education, traffic management, resource management, and environmental sustainability. The Fantom DAG platform intends on innovating these sectors by creating an interoperable ecosystem which allows real-time transactions and data sharing with low cost. Additionally, Fantom intends making all transaction bodies around the world compatible between each other by using fast DAG technology that can be deployed at scale in the real world.

The Fantom (FTM) token has a maximum supply of 3,175,000,000 FTM, a total supply of 1,987,133,655 FTM, and a circulating supply of 1,813,658,595 FTM. The Fantom platform has adopted an inflationary model to expand the ecosystem with an initial 5% annual inflation rate. The rate is said to decrease as more users join the network and 20% of total inflation is intended to be used for rewards and incentives for Fantom platform users. As for the token distribution, 40% of tokens were sold in the ICO, 30% are reserved for market development, 15% were distributed to advisors and contributors, and 15% is held by the Fantom team and founders.


Parachute Weekly Update: #PARaroundworld – let’s get the word out, $COTI on ParJar, XIO Bonus, Fantom Opera Mainnet... – 27 Dec’19 - 2 Jan'20

2 Feb 2020 4 minute read 0 comments Abhijoy Sarkar

Sup folks! Here’s your week at Parachute + partners (27 Dec’19 - 2 Jan'20):   Firstly, Happy New Year from all of us here at Parachute. We started off the week with a new entrant to ParJar - $COTI. Welcome to the fam! This week’s movie trivia in TTR...

Parachute Weekly Update: Welcome $CALL to ParJar, McAfeeSwap by Switch, Fantom + COTI, MetaMorphPro roadmap... – 20 Dec - 26 Dec'19

30 Jan 2020 5 minute read 4 comments Abhijoy Sarkar

Sup folks! As we continue to catch up with the pending updates, here’s your week at Parachute + partners (20 Dec - 26 Dec'19):   Richi hosted a movie trivia in TTR for a 25k $PAR prize pool. While going through the ParJar stats this week, Cap found t...

Parachute Weekly Update: TTR Hat Contest, XIO Liquidity Program & Social Initiative, Fantom Opera Mainnet, $GET on Hotbit... – 13 Dec - 19 Dec'19

29 Jan 2020 6 minute read 0 comments Abhijoy Sarkar

Sup folks! For the final part of the rapid catch up series of pending updates, here’s your week at Parachute + partners (13 Dec - 19 Dec'19):   Thanks to Trooper George for a masterclass in Uniswap. To read up on it, click here and scroll downwards....

Parachute Weekly Update: Parachute Townhall, Welcome $GET to ParJar, Uptrennd reaches 50k members, Fantom on IncognitoChain... – 6 Dec - 12 Dec'19

28 Jan 2020 7 minute read 6 comments Abhijoy Sarkar

Hi Parachuters! As part of 2 of 3 from today's rapid catch up series of pending updates, here’s your week at Parachute + partners (6 Dec - 12 Dec'19):   As mentioned last week, Cap and Ice hosted a townhall to talk about where we are at and where we...

FTM / BTC technical analysis [BINANCE]

4 Dec 2019 1 minute read 0 comments MrBullishSail

FTM seen from the temporality of 1W we can see how the structure of candles has formed a pattern of inverted SHS as a signal of reversal of trend, the current candle is forming a hammer candle with strong buying pressure, still the candle is very...

Parachute Weekly Update: Constellation + US Air Force, TTR attains legendary status, aXpire BTC Contest, Fantom community rocks... – 23 Aug - 29 Aug'19

8 Sep 2019 4 minute read 0 comments Abhijoy Sarkar

Hi Guys! Here’s your week at Parachute (23 Aug – 29 Aug’19):   The Tiproom is now officially one of the most active channels across Telegram. Within hours of Cap’s tweet, It climbed to the 17th position. And how active is it you ask? Here’s a video f...

Fantom and Cardano among the “Projects better than Bitcoin”

22 Aug 2019 1 minute read 6 comments CryptoTapas.com

Weiss ratings has listed 3 Cryptos as being better than Bitcoin while clarifying that Bitcoin may still fair well in network strength and popularity. Two projects  among these 3 projects were revealed to DeCrypt:  Fantom and Cardano. While Cardano do...

Parachute Weekly Update: Launch of BOMBX, Parachute + BOMBX partnership, Crypto Lifestyle Interview, AXPR on Binance Dex... – 12 Jul - 18 Jul'19

20 Aug 2019 5 minute read 0 comments Abhijoy Sarkar

Hiya folks! This was one of the most eventful weeks in recent Parachute history. Strap onto your seatbelts. Here we go!   Cap announced the start of a new journey with BOMB’s latest venture, BOMBX (more on that later). In short, new groups will get t...

MOR and The Case for Undervalued Crypto

5 Aug 2019 4 minute read 2 comments the.new.writer

When I was a total newbie to cryptocurrency, I decided to enter my first crypto group on telegram, the coin name was random-letterCASH and I said:   “Hello”   And before people could react to my greeting:   “When moon guys?”   Amid “stupid moonboy”...

Parachute Weekly Update: New Parachute Page, PAR on ETHOS, historic week for BOMB, FTM on Binance... – 7 Jun - 13 Jun'19

8 Jul 2019 3 minute read 3 comments Abhijoy Sarkar

Hiya folks! Continuing with the rapid catch up of the weekly updates at Parachute + partner world. Your week at Parachute (7 Jun - 13 Jun'19):   The revamped Parachute website was released this week. In Cap’s words, the new page “focuses on what Para...